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Monday June 27th, 2022
Monetary

Sri Lanka Christmas cake hit by high inflation

Prices accelerate faster in recent years

December 25, 2021 3 min read
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Sri Lanka extends parallel exchange rate for expat workers

Extension after an improvement seen in December

December 24, 2021 2 min read
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Sri Lanka BOP deficit rises US$3.2bn in October 2021 in new record

Money printing was then ratcheted up in February 2020 under so-called 'Modern Monetary Theory

December 24, 2021 2 min read
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Sri Lanka rupee dollar swap discounts jump amid forex crisis

Banks are generating dollars through swaps at rates in excess of 30-pct

December 23, 2021 4 min read
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Sri Lanka central bank says ready for closer engagement with the IMF

Views similar to the IMF Report have been expressed over the past several months by local and foreign commentators

Sri Lanka allows IMF to release staff report

The authorities consented yesterday to the publication of the Article IV staff report

Sri Lanka forex reserves drop to US$6,652mn in September 2020

Sri Lanka's gross official reserves had dropped to 6,652.8 million US dollars by the end of September 2020, from 7,430 m...

October 12, 2020 2 min read

Sri Lanka inflation at 4.0-pct in September 2020

Sri Lanka's 12-month inflation was at 4.0 percent in September 2020, slowing from 4.1 percent a month earlier, though pr...

September 30, 2020 1 min read

Sajith calls for National effort to save the country’s economy

Leader of the Opposition Sajith Premadasa is calling on all political parties to shed their differences and come togethe...

September 30, 2020 2 min read

Sri Lanka cabinet approves two year forex cover for foreign investors

Sri Lanka's cabinet of ministers had approved swaps of up to two years to cover foreign exchange risks of investors in r...

September 23, 2020 2 min read
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Sri Lanka national inflation rises to 6.1-pct in August 2020

Sri Lanka's national inflation rose to 6.1 percent to 6.2 percent in August 2020 from a year earlier with consumer price...

September 22, 2020 1 min read

Sri Lanka forex reserves rise to US$7.4bn in Aug 2020

Sri Lanka's forex reserves had risen to 7,440.5 million US dollars in August 2020 from 7,095.8 million US dollars in Sep...

September 12, 2020 2 min read
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Sri Lanka plans to cap forex risks of rupee bond investors through swap: Minister Cabraal

Sri Lanka will offer to cap forex risks of investors in a bid to draw investors into rupee debt which will reduce the co...

September 10, 2020 2 min read

Sri Lanka's inflation at 4.1-pct in August 2020

Sri Lanka's inflation slowed to 4.1-pct in August 2020, from 4.2 percent in July, data from the state statistics office ...

August 31, 2020 1 min read

Sri Lanka central bank to work closely with finance ministry in developmental state: Governor

Sri Lanka's central bank will closely work with the fiscal authorities and government policy in a 'developmental state' ...

August 31, 2020 2 min read

Sri Lanka comfortable repaying foreign debt, sovereign bond in 2020

Sri Lanka has see no difficulties repaying foreign debt 2020, including a billion dollar sovereign bond, with only 2.5 b...

August 25, 2020 2 min read
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Latest Last
US Dollar 367.1686 367.3982
UK Pound 452.6187 451.8938
Euro 388.4167 389.8979
Aus Dollar 255.6136 255.4851
Yen 2.7395 2.7267
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.6108 4.6159
Korea Won 0.2772 0.2772
Oman Rial 935.8320 937.3904
Saudi Riyal 96.0211 96.1836
UAE Dirham 98.0915 98.2549
Source: Central Bank/Indicative
pts %
S&P SL20 2,470.19 1.59%
CSE All Share 7,651.19 1.26%
Turnover Rs million 1,245,549,656 1,102,192,667
Source: CSE
Latest Last
3-m bill 21.20 21.45
6-m bill 21.88 22.16
12-m bill 22.51 22.77
5-yr bond 20.38 20.79
8-yr bond 20.46 20.49
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank planning housing loan scheme under govt policy directions: CB Governor

Sri Lanka's central bank will announce a housing loan program for low and middle income borrowers in line with governme...

August 20, 2020 1 min read
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Sri Lanka policy rate floor unchanged, central bank to slap loan price controls

Sri Lanka's central bank has kept its floor policy rate at 4.50 percnet, which has prevented rates from falling further ...

August 20, 2020 7 min read

Committee to probe irregularities, misconduct in state banks during the past regime

The Cabinet has appointed a committee to investigate alleged irregularities, unproductive initiatives and misconduct in ...

August 19, 2020 1 min read

Sri Lanka central bank buys US$162mn in July 2020 amid negative private credit

Sri Lanka's central bank has bought 162.5 million dollars from the interbank forex market in July 2020 after negative pr...

August 17, 2020 3 min read

Sri Lanka's Central Bank Governor slams inflation control

Sri Lanka's Central Bank Governor slammed inflation control saying such policies have led to stagnation in many countrie...

August 11, 2020 4 min read
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Sri Lanka prints Rs29bn as yield ceilings buckle Treasuries auctions

Sri Lanka's has printed 10 billion rupees to monetize a Treasuries auction as the debt office failed to sell all the Tre...

August 10, 2020 2 min read

Sri Lanka forex reserves rise to US$7.1bn in July 2020 after India swap

Sri Lanka's gross forex reserves grew by 407 million US dollars to 7,102 million US dollars by the end of July 2020 up f...

August 8, 2020 1 min read

Sri Lanka should not pander to stability through inflation control in Covid-19: CB Governor

Sri Lanka should not pander to stability through inflation control but should engage in monetary and fiscal policies tha...

August 7, 2020 3 min read

Sri Lanka's inflation in July 2020 at 4.8-pct

Sri Lanka's inflation picked up slightly to 4.8 percent in the 12-months to July 2020 from 4.7 percent a in June, data f...

August 1, 2020 1 min read

Sri Lanka banks to zero-weight discounted contractor bills for Basel III, count as liquid assets

Sri Lanka's commercial banks could zero-rate for Basle III capital contractor bills due from the government discounted w...

July 30, 2020 3 min read
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